Devon Energy Corp. (NYSE:DVN) has appointed Barbara M. Baumann and John E. Bethancourt to its board of directors. The addition of Baumann and Bethancourt expands Devon’s board to 10 members, which now includes eight independent directors.
Baumann is a former BP Amoco executive who currently serves as president and owner of Cross Creek Energy Corp., an energy advisory firm with investments in the domestic oil and gas business. Prior to founding her own firm in 2003, she was executive vice president of Associated Energy Managers, a private equity firm investing in small energy companies. Baumann began her 18-year career with Amoco (later BP Amoco) in 1981. She served in various areas of finance and operations, including as CFO of Ecova Corp., Amoco’s wholly owned environmental remediation business, and as vice president of Amoco’s San Juan Basin business unit. She serves on the boards of SM Energy Co. and UNS Energy Corp., and also on the board of trustees for Putnam Investments Inc.
Bethancourt is a retired Chevron executive, most recently serving as executive vice president for technology and services. He began his career in 1974 with Getty Oil Co. and joined Texaco Inc. in 1984 when the two companies merged. During his career with Texaco and later Chevron, Bethancourt served in various executive leadership roles, overseeing business development, worldwide production operations, and human resources. He serves on the board of trustees of the Texas A&M Foundation, and is a past director of both the Society of Petroleum Engineers and the National Action Council for Minorities in Engineering Inc.